XL Re teams up with Aon Benfield to upgrade system
XL Re, the global reinsurance operations of XL Group plc, has teamed up with Aon Benfield to become the first local reinsurer to successfully implement automated accounts and cash transactions using Association for Cooperative Operations Research and Development (ACORD) messaging standards.
XL Re Ltd has also implemented automated accounts, cash and claims messaging for all London brokers, including Aon Benfield. The system is integrated with XL Re's single, global IT reinsurance platform.
Charles Cooper, president and chief underwriting officer of XL Re Ltd, said: “XL Re Bermuda is proud to be a leader in this effort to raise the standards of electronic data sharing. The implementation of messaging for backend processing of Bermuda business provides efficiencies by allowing our internal resources to spend more time on business analysis and less on data entry.”

Need to
Know

2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service